Yuan Heng Temple

Analysis

Yuan Heng Temple is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yuan Heng Temple reported income of $116k and spending of $55k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $19k to $116k (+499%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 2098%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yuan Heng Temple sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Dance Vision Foundation ($116k), The Alliance for Early Childhood ($116k) and Alternative Housing Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.5m against liabilities of $13k, net assets of $1.5m.